Burr Financial Services LLC Buys New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Burr Financial Services LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 154,670 shares of the company’s stock, valued at approximately $11,698,000. Palantir Technologies makes up 7.9% of Burr Financial Services LLC’s portfolio, making the stock its 3rd largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $876,000. State of Alaska Department of Revenue boosted its holdings in shares of Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after buying an additional 68,945 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Palantir Technologies by 19.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock worth $20,146,000 after buying an additional 87,062 shares during the period. Finally, Tyler Stone Wealth Management increased its stake in shares of Palantir Technologies by 97.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock worth $7,515,000 after acquiring an additional 99,921 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 5.2 %

PLTR opened at $76.87 on Thursday. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The firm’s 50 day simple moving average is $71.30 and its two-hundred day simple moving average is $48.32. The company has a market capitalization of $175.11 billion, a PE ratio of 384.37, a PEG ratio of 6.73 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share. Equities analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research note on Friday, January 17th. They set a “neutral” rating and a $72.00 price objective on the stock. Wedbush boosted their price target on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. UBS Group began coverage on Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 price objective for the company. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, Robert W. Baird assumed coverage on Palantir Technologies in a report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $43.78.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.